Two summers ago, my wife and I were jumping into home ownership for the first time. We hit the ground running and started to tackle our mortgage. We have always had a goal of paying off the mortgage early and used this mindset to make extra payments on our mortgage.
Last year, we were on fire and paid off a lot of our mortgage. I am going to recap where we stood last August, then we will move into the year 2 mortgage update. By August of 2016, we had made 12 mortgage payments, plus multiple extra principal payments.
I know that I am not the only finance minded person that worries about keeping costs low, but also catching their favorite teams game each week. My sport is college football and my team is Nebraska. I don't miss a game and as a cord cutter it was important for me to find ways to catch the game at home. I did a lot of research and found some economical ways to cut the cord and still catch my favorite team.
There is a rather new employer benefit that I am glad is gaining traction in today’s workplace. The benefit is employer-sponsored student loan debt repayment. Most often, this comes in the form of employer matching programs that help employees to pay off student loan debt by matching their payments up to a capped monthly and yearly amount.
Last week, I was listening to the Tim Ferris podcast. He was interviewing Kyle Maynard. I had never heard of Kyle Maynard before this podcast. I don't know how I had never heard of Kyle before last week, but he has an amazing story. Kyle is a quadruple amputee, who has climbed Mount Kilimanjaro, won awards in mixed martial arts, wrote a book and travels around the world inspiring people. He never shied away from anything and sought out wrestling in high school and sought out mixed martial arts as an adult. He was successful in both endeavors.
For students, back-to-school means learning new lessons, meeting with friends and teachers, attending the new session, and attempting new assignments. But for the parents, it only means blowing money on school supplies and having a lot of financial stress. The fact is, buying back-to-school supplies doesn't have to mean a lot of financial burden, but most of the parents often overdo it and fall into financial pressure.
In everything we do with our finances, our goal is always a focus towards financial independence and the freedom that financial independence allows. With that focus, we must make a concerted effort to cut expenses wherever possible.
Stockpile is a company that allows you to purchase fractional shares of stocks. You could purchase just $1 of stock for somebody and you can even gift stock to a nephew or niece in your family. There is no minimum amount of money that you can spend. You could buy just $1 of stock or you could buy $100 of stock. This is the cool thing about Stockpile, you can invest in stock with a small amount of money.
I discovered this company, when I was contacted by an employee with an offer. They offered all of my readers an opportunity to receive $5 to invest with Stockpile for free. You receive the five dollars from free by signing up for a free account, by using this link.
There are articles all over the internet of surefire ways to build a solid investing portfolio. Most of these authors have spent more time studying investing than I have. I have read their opinions and even developed my own way of investing that kind of builds around three core people in the financial space. Below is a list of the three core people that have shaped my investing portfolio.